Institutional Manager · CIK 0000012600

PRINCIPAL SECURITIES, INC.

DES MOINES, IA · File #028-23623

Latest AUM

$6.48B

Positions

1,345

Top-10 Concentration

44.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	PRINCIPAL EXCHANGE TRADED FD	74255Y680	+2,136,058	+$63.1M	+$428,127
ADD	PRINCIPAL EXCHANGE TRADED FD	74255Y821	+1,049,107	+$21.9M	-$655,017
REDUCE	INVESCO EXCH TRADED FD TR II	IVZ	-173,115	-$20.7M	-$346,372
ADD	ISHARES TR	464289420	+220,656	+$20.3M	+$383
ADD	PRINCIPAL EXCHANGE TRADED FD	74255Y698	+589,289	+$19.4M	+$4.1M
ADD	PRINCIPAL EXCHANGE TRADED FD	74255Y714	+504,431	+$18.9M	-$523,860
REDUCE	PRINCIPAL EXCHANGE TRADED FD	74255Y201	-245,106	-$18.7M	+$71,810
ADD	ISHARES TR	464287200	+26,449	+$18.1M	+$4.2M
ADD	PRINCIPAL EXCHANGE TRADED FD	74255Y102	+759,231	+$14.4M	-$938,499
ADD	FIDELITY COVINGTON TRUST	316092808	+62,396	+$14.0M	+$216,624

Sector Allocation

Technology

7.5%$483.4M

Financials

4.4%$286.6M

Consumer Discretionary

2.6%$172.4M

Healthcare

2.5%$164.1M

Industrials

2.4%$156.9M

Materials

1.4%$91.5M

Communication Services

1.2%$79.4M

0.8%$49.4M

0.7%$45.3M

0.3%$18.5M

0.2%$15.6M

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 20251,345 pos · $6.48B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 20253,731 pos · $6.07B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 20253,679 pos · $5.32B
Apr 30, 202513F HOLDINGS REPORTQ/E Mar 20253,553 pos · $4.47B
Jan 30, 202513F HOLDINGS REPORTQ/E Dec 20243,548 pos · $4.44B
Oct 28, 202413F HOLDINGS REPORTQ/E Sep 20243,452 pos · $4.14B
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 20243,394 pos · $3.63B
May 10, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20243,215 pos · $2.68B
May 10, 202413F HOLDINGS REPORTQ/E Mar 20243,320 pos · $3.21B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	PRINCIPAL EXCHANGE TRADED FD	74255Y870	4,470,607	$306.0M	9.54%
2	ISHARES TR	464287200	295,252	$202.2M	6.30%
3	PRINCIPAL EXCHANGE TRADED FD	74255Y714	3,886,459	$145.7M	4.54%
4	ISHARES TR	464287226	1,388,177	$138.7M	4.32%
5	PRINCIPAL EXCHANGE TRADED FD	74255Y607	2,319,425	$133.9M	4.17%
6	PRINCIPAL EXCHANGE TRADED FD	74255Y698	3,724,528	$122.8M	3.83%
7	GOLDMAN SACHS ETF TR	NVGLF	1,180,477	$111.4M	3.47%
8	MICROSOFT CORP	MSFT	202,408	$97.9M	3.05%
9	PRINCIPAL EXCHANGE TRADED FD	74255Y821	4,157,920	$86.9M	2.71%
10	PRINCIPAL EXCHANGE TRADED FD	74255Y680	2,939,281	$86.8M	2.71%
11	NVIDIA CORPORATION	NVDA	426,065	$79.5M	2.48%
12	APPLE INC	AAPL	289,790	$78.8M	2.46%
13	AMAZON COM INC	AMZN	323,352	$74.6M	2.33%
14	ISHARES TR	464287622	179,752	$67.1M	2.09%
15	SPDR SERIES TRUST	78464A854	833,868	$66.9M	2.08%
16	ISHARES TR	464287663	627,649	$64.4M	2.01%
17	PRINCIPAL EXCHANGE TRADED FD	74255Y300	1,157,632	$60.4M	1.88%
18	ALPHABET INC	GOOG	192,530	$60.3M	1.88%
19	GOLDMAN SACHS ETF TR	NVGLF	1,317,711	$54.7M	1.71%
20	ISHARES INC	46434G103	813,736	$54.7M	1.70%